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LINKTV
Dec 31, 2012 7:00pm PST
new year's eve. they are gone. john boehner, the speaker, said, they stay close. you may be called back." this means that the u.s. is definitely going to go over the fiscal cliff, at least technically. what is happening in the senate, the upper house, is that they are still working hard to bridge the gap. we are told by mitch mcconnell, the minority leader there, he says they have got a deal on taxes, but on the spending issue, the sequester issue, as they call is, they have not got a deal, but they are very, very close, so, to be honest with you, we are in no man's land. they are still meeting. i think the feeling is is that they will close the gap. they will come to some agreement, and really to make the point to the rest of the world, i think the senate will vote monday before the deadline. i cannot say, but that is the strong rumor. we are waiting to see, particularly because the house is gone and will not be able to vote until tuesday. >> what do ordinary americans make of this? they see the political squabbling, and the politicians cannot seem to sort it out. they must be ver
LINKTV
Dec 28, 2012 5:30am PST
house of representatives, the top republican john boehner has rejected president obama's previous offers and the morse -- most senior democrat in the house, nancy pelosi. what is the cliff and can be avoided? >> the house of representatives will be going back into session sunday but at this point we do not know what kind of measure they have before them that they can consider for a vote. there has been no indication from the white house or the republican leadership that they are anywhere near any kind of makings of a deal that they could present to the house republican leadership -- or the house republican rank-and-file who so far have been adamantly opposed to tax increases at any level of income, which is an absolute prerequisite for president obama. if they do not come to some kind of agreement, but that tax to be voted on -- and there is doubt that it is logistically possible before new year's day -- then the most immediate impact would be the loss all unemployment relief checks for 2 million americans as well as payroll tax holiday that will come to an end, which means tax increases
Search Results 0 to 1 of about 2